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ITT DIVERSIFIED CREDIT v. FIRST CITY CAP.

No. C-5894.

737 S.W.2d 803 (1987)

ITT DIVERSIFIED CREDIT CORPORATION, et al., v. FIRST CITY CAPITAL CORPORATION.

Supreme Court of Texas.

October 7, 1987.

Attorney(s) appearing for the Case

J. Grady Randle, Ross, Banks, May, Cron & Cavin, Houston, for ITT.

Mark D. Wilson, Engel, Jones & Wilson, P.C., Houston, for FCCC.

OPINION

GONZALEZ, Justice.

This is a case of first impression concerning the effect of a subordination agreement made between the first and third lienholders on the priority status of a second lienholder. The trial court gave the second lienholder priority over the first and third lienholders. The court of appeals affirmed the judgment of the trial court. 717 S.W.2d 419. We reverse and remand.

First City National...

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